Our Senior Wealth Manager

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Annuities have provided retirees with a safe and secure retirement solution for generations. Deferred annuities have been a solid way to accumulate retirement assets on a tax deferred basis, and immediate annuities are still considered to be the soundest way to generate a dependable, guaranteed income for life, or for a specified period. On their own, each can play a key part of an overall retirement planning strategy. When combined into a single strategy, their unique benefits can be substantially enhanced to provide an even larger amount of income with greater tax advantages.

The digital world has transformed professional industries in unique ways that prior to internet access would have been impossible. Doctors can monitor patients remotely, lawyers can offer counsel online, software can complete your taxes for you, and even financial investments and advertisements can be made without any face-to-face contact. To some this would sound ludicrous and to others it sounds convenient, but one thing is for certain—the robo-advisor is another option that’s here to stay for investors to grow wealth.

All of the various forms of life insurance – whole life, term life, variable life, universal life and the dozens of variations of each – can be distilled down to just two types: Term and Permanent. As their names would imply, term is life insurance that covers a certain term or number of years, and permanent is life insurance designed to remain in place as long as premiums are paid. Which type of coverage is right for you depends on several factors including how much coverage you need and how long your need will last.

If you’ve ever played the Game of Life board game, it becomes clear that compressed into the colorful path there are various stages of life. Each stage holds its own major financial challenges as well as prospective profits in addition to surprises (new baby!) and forks in the road. In the real world game of life, much is the same, but with sound financial planning throughout the different stages of life, you can have much more control over how much you retire with (as opposed to those random tiles you collect throughout the board game). And, along the way there should be a trusted financial advisor to help give advice and direction on important investment and other monetary decisions. Here are a few of the primary segments of an adult’s life and the financial decisions associated with that general age.